4 years is long enough!17 Apr 2021 17:56
Hi Lisa,
Please forgive my direct approach.
As a long term Petrofac shareholder, I would like to make a personal appeal directly to you as SFO chief.
It is not to try in any way to influence your decision as that would not only be illegal, but also naïve and foolish.
Rather, I would like to ask you to bring the investigation into Petrofac to a speedy conclusion whatever the outcome. It has been 4 long years now since the investigation began. In that time the damage done to Petrofac in terms of it's reputation, loss of business and share price has been little short of disastrous.
As you may be aware, recently, ADNOC announced they were suspending Petrofac from any further bidding for contracts (because of SFO case). Others may follow.
My appeal to you is based on the fact that 4 years is surely long enough to investigate a case. The longer it drags on, the more damage is done to Petrofac at a difficult enough time because of 12 months of Covid. It's employees also suffer.
Petrofac desperately need to move on from this unfortunate episode (be they guilty or not), so please for the sake of all stakeholders let's bring this case to it's conclusion.
Thank you.
A Petrofac shareholder.